In this Thursday, Dec. 20, 2012 photo, people walk through the Fashion Island shopping center in Newport Beach, Calif. U.S. holiday retail sales this year are the weakest since 2008, after a shopping season disrupted by storms and rising uncertainty among consumers. A report out Tuesday, Dec. 25, 2012, that tracks spending, called MasterCard Advisors SpendingPulse, says holiday sales increased 0.7 percent. Analysts had expected sales to grow 3 to 4 percent. (AP Photo/Chris Carlson, File)
News Summary: MasterCard net income rises in 4Q
Published: 03:30:13 PM, Thu 31 January 2013 UTC
BOUNCING BACK: MasterCard's net income rebounded in the fourth quarter after a year-earlier period that was weighed down by a legal charge.
GLOBAL STORY: MasterCard is expanding most quickly in Latin America and the region that includes Asia, the Middle East and Africa. Outside the United States, the volume of cash moved in 2012 increased 23.5 percent. That compares with growth of 9.7 percent inside the U.S.
BRANDED BEDFELLOWS: MasterCard President and CEO Ajay Banga heralded new partnerships between MasterCard and big U.S. brands like InterContinental Hotel Group and Bass Pro Shops.
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